75% Chance of DOGE ETF Approval, What Are the Odds of Miners Buying L9?

On February 11th, Bloomberg ETF analysts James Seyffart and Eric Balchunas tweeted that the approval rate for a DOGE ETF is as high as 75%, while the approval rate for an LTC ETF is as high as 90%. After conducting research, they focused on Litecoin, Solana, XRP, and Dogecoin, and believe that the Litecoin ETF and Dogecoin ETF applications submitted by Canary Capital and Grayscale Investments have the highest chances of approval. The approval possibilities for Solana and XRP ETF products are 70% and 65%, respectively.

Since President Trump took office, the U.S. government’s attitude towards cryptocurrency has shifted rapidly. The SEC chairman has been replaced with someone more supportive of cryptocurrency, which means that the regulatory barriers facing the digital asset industry will be weakened and move towards compliance. In January 2024, BlackRock submitted an application for approval and successfully listed a BTC ETF, which not only led investors to make substantial profits but also drove global capital to invest in BTC. This successful experience has attracted many ETF issuers to submit applications under the Trump administration, attempting to promote the listing of ETFs for promising cryptocurrencies like DOGE and LTC.

As a very ideal investment product, mining Dogecoin is also a good investment method. BITMARS recommends ANTMINER L9/L7 to you. These two mainstream DOGE ASICs support the simultaneous mining of DOGE and LTC, among which LTC is seen as the cryptocurrency most likely to pass through ETFs this year. In addition, some mining pools also support L9/L7 to mine more currencies such as BEL at the same time, so these two machines are your top choice for investing in DOGE.

Taking a Dogecoin price of $0.25 as an example, using the ANTMINER L9 16GH  for mining, the daily output is approximately 124 DOGE, worth about $31; and 0.03366 LTC, worth about $4. Using the ANTMINER L7 9.5GH  for mining, the daily output of DOGE is worth about $19, and LTC is worth about $2.4.

Welcome to consult our sellers for the most suitable DOGE ASIC and trading methods for you! We have warehouses in HK, US, Dubai, and Moscow, with a large inventory of spot/futures from brands such as ANTMINER available for shipping from multiple countries and can assist with customs declarations at the delivery location.

Finally, BITMARS would like to remind everyone that all investments carry risks, so decisions should be made cautiously.

BITMARS is an internationally renowned crypto miner trading company. We provide comprehensive, professional, timely, and cost-effective miner purchasing and hosting services to maximize your wealth!